Tourism Spending Up Nationwide In Third Quarter, Arkansas Keeping Pace

December 14, 2017CrainMedia

Americans spent $945 billion on tourism in the third quarter, and indirect, tourism-related spending totaled $1.6 trillion, according to a report published Wednesday (Dec. 13) by the U.S. Department of Commerce’s Bureau of Economic Analysis.

Travel and tourism spending grew faster in the third quarter than it did in the second, at an annual rate of 6.6% compared to 6% in the second quarter.

The bureau lists leading increases in spending on travel accommodations and food and beverage services as key drivers in the upward trend. Traveler accommodations grew 13.5% in the third quarter after increasing 3.8% in the second quarter. Food and beverage services increased 0.6% after decreasing 1.4% in the previous quarter. MORE